Shadowstats.com

And I'm sure that Larry Kudlow probably knows, but he won't say it, That there are still people out there who calculate it the way that it was calculated before they started these regular changes in the late 1990s.

And that's a place called Shadow Stats.

They calculate inflation the way it used to be calculated.

And if we calculate it that way, we see that it's 11%.

All right.

And of course, we got guys like Walter John Williams at ShadowStats that's been saying for years, "Add 7%." Whatever the government tell you- tells you, add 7%.

I think the real inflation rate, Mike, is probably somewhere around 9 or 10% or more.

What do you think?

So I don't trust the number.

And yeah, John Williams from Shadow Stats, you've probably heard of him.

He has a whole website dedicated to that.

And yeah, most people don't believe in this number even though 3.7 is higher than the target of two percent that the fed has but even two percent jeremy uh over 40 years that really dilutes the value of the currency so i i'm of the opinion that yeah inflation is a tax and uh it is an unfair tax um and the only way to uh really have no inflation is to have no central bank, to have sound money, and actually not allow the Congress or government to run a deficit.

That's actually higher.

There's a website called ShadowStats, and you and I know ...

I mean, really, seriously, if we went together right now, if we went back to, to January 2021 and went to the grocery store with $100 bill, okay, and bought a $100 worth of groceries, and today went back to that same grocery store- With $129? I don't think we could get- I think prices at the grocery store, for instance, have doubled.

So as crazy as that number is, and it shows us that the value of the dollar is going down.

Okay, but says, "Which fell sharply from 9.1% peak in 2022, but this year has ticked higher since the war began in late February." Okay, so If 9.1 was the peak in 2022, and I remember talking at that time saying how the figures were bogus then.

John Williams from Shadowstats gave us, was it 15%, 16% in real terms using 1980s CPI basket to get a good accurate measurement.

Okay.

So yeah, more of this, more of this stuff here.

Let me ask you this, Michael.

Um, the real rate of inflation, John Walter Williams over at shadowstats.com, I think he says, "Whatever the government says is the inflation rate, add 7%." Would you agree with that?

I do, but I think we should stop messing around with the inflation rates, because I think-

Well, I agree with that.